Interest Rate and Credit Derivatives Business Analyst – VP in London

Interest Rate and Credit Derivatives Business Analyst – VP in London

London Full-Time 80000 - 100000 £ / year (est.) No working from home possible
Citigroup, Inc.

At a Glance

  • Tasks: Analyse business problems and implement solutions in the finance sector.
  • Company: Join Citi, a global leader in finance and technology.
  • Benefits: Flexible work options, mentorship, and continuous learning opportunities.
  • Other info: Collaborative team environment with significant career growth potential.
  • Why this job: Shape the future of finance while influencing global markets.
  • Qualifications: Experience in investment banking and strong analytical skills required.

The predicted salary is between 80000 - 100000 £ per year.

Engineer the future of global finance. At Citi, our Tech team doesn’t just support finance – we are helping to redefine it. Every day, $5 trillion crosses through our network. We do business in 180+ countries operating at a scale few can match. From deploying advanced AI to helping shape global markets, we build systems that matter. Join a team where your work helps influence economies, your ideas can drive innovation and outcomes, and your growth is backed by mentorship, continuous learning and flexibility with potential hybrid work opportunities. Help solve real-world challenges that touch millions and get the opportunity to build the future of finance with Citi Tech.

What We Do / The Team

The Senior Business Analyst position is responsible for understanding business problems, analyzing them thoroughly, finding appropriate solutions and working with a development squad to implement them. This BA position requires good analytical knowledge on Fixed Income and Derivative products from a Front Office perspective. FiTP is the primary deal capture, trade processing, inline PV & risk, and workflow processing for Vanilla and Exotic IR derivatives, as well as being the strategic capture system for several other asset classes. The team is responsible for supporting the business in the development of functionalities for derivative products, trade capture and processing. The team actively engages with multiple trading desks, Middle Office and Operations, Financial Control, Market Risk management, Regulatory and Credit teams and works closely with the development and QA testing teams.

Role Overview / What will you do

  • Lead the analysis and requirements gathering for fixed income OTC derivatives trade capture and trade processing.
  • Work with traders, sales, business unit managers and heads of businesses to understand business practices and provide solutions that enable business growth and operational efficiencies.
  • Lead end-to-end deliveries from requirements, design, construction, testing and implementation; provide user and operational support to business users.
  • Collaborate with PM to establish and maintain periodic communication to business and technology partners.
  • Lead planning of best practice solutions, execution and overall project management of the rollout of cross‑asset and multi‑functional initiatives.

Key Skills and Experience

  • Extensive experience as a Business Analyst or similar role, ideally within Investment Banking.
  • Proven experience driving a project from analysis to successful production and delivering successful outcomes.
  • Strong communication skills with business stakeholders (FO traders, business managers, etc.).
  • Ability to transform business requirements into precise functional and technical specifications.
  • Diplomatic and analytical skills; ability to manage complex issues with substantial impact by weighing various action plans.
  • Strong team orientation and commitment to overall team success, user focus and quality.
  • Effective time management and ability to handle multiple priorities with flexibility across time zones.
  • Experience with XML (XPath, XSD), JSON.
  • SQL knowledge to query and analyze database data; ability to create complex SQL queries.
  • Knowledge of UML/BPMN or other workflow/visualization notations.
  • Experience with Investment Banking OTC derivatives: product knowledge, trade life‑cycle knowledge, STP and experience with interest rate derivative projects.

Beneficial / Nice to Have Skills

  • Ability to manually calculate P&L, risk concepts and strong analytical aptitude.
  • Knowledge of object‑oriented programming languages (Java, C#, Delphi, etc.).
  • Experience with FpML for interest‑rate or commodities or equity derivatives.
  • Knowledge of other financial protocols or formats (SwML, FIX, FIXml, SWIFT, etc.).

Interest Rate and Credit Derivatives Business Analyst – VP in London employer: Citigroup, Inc.

Citi is an exceptional employer that empowers its employees to engineer the future of global finance through innovative technology and collaborative teamwork. With a strong focus on mentorship, continuous learning, and flexible hybrid work opportunities, Citi fosters a dynamic work culture where your contributions can directly influence economies and drive meaningful change. Join us in a role that not only offers extensive growth opportunities but also allows you to tackle real-world challenges in a fast-paced, globally connected environment.

Citigroup, Inc.

Contact Details:

Citigroup, Inc. Recruitment Team

We think you need these skills to ace Interest Rate and Credit Derivatives Business Analyst – VP in London

Business Analysis
Fixed Income Knowledge
Derivative Products Knowledge
Trade Capture and Processing
Project Management
Requirements Gathering
User Acceptance Testing